Browsing: Trillion

Anthropic’s planned $1.5 trillion initial public offering is facing mounting pressure from major investors following a sharp selloff in US technology stocks, with some backers now calling for a substantially lower valuation or a possible postponement, The Wall Street Journal reported on Thursday.

Tech stocks plunged on Friday morning, putting the Nasdaq 100 index on course for a more than $1 trillion drop when the opening bell rings at 9:30 am ET in New York.

Apple’s iPhone Duo cracked screens days after launch, dropping shares 1% and leaving its $5 trillion market cap just $19 billion above the milestone.

Apple Inc.(NASDAQ:AAPL) dominated the weekend’s business headlines, with its iPhone Duo, AI plans and soaring market value drawing investor attention. Here are five stories that shaped the conversation.

AI infrastructure spending is racing ahead, and by 2031 the industry will need to find far more commercial value to justify the bill, new research has claimed.

The unprecedented speed and scale of the AI buildout, with billions flowing into chips, data centers, networks, and power systems, have focused attention on the challenge of building capacity. But the more important question may be whether enough economic value can be created to justify it.